Consultoria de empresa familiar

5 problems (and solutions) when setting up a business in Spain as a foreign entrepreneur

When setting up a business in Spain, problems like these can arise. But they will be minor problems if you are aware of the solutions we provide you with…

Maybe the procedures for setting up a business in Spain as a foreign entrepreneur are becoming overwhelming for you, and its normal: you need time to get familiar with the Spanish legal and tax systems in order to manage them. Nevertheless, setting up a business in Spain can be a great opportunity for non-residents. We are going to review the problems than can arise in this situation and how to solve them. Spain is not just a holiday destination, it is also a country with great chances for foreign investors because of a series of differentiating factors:

Setting up a business in Spain without obstacles

The goal of our business consultancy is to make it easier for you to manage all the procedures for setting up a business in Spain as a foreign entrepreneur. So why we are going to review the 5 most usual problems and provide you with the solutions we offer our foreign clients:

You do not want to travel to Spain

A travel to Spain requires time and effort that you need to save for your business, so you have two options: hire a Spanish worker or empower a legal and tax representative in Spain (he or she will have to be a resident and have his or her tax residence in Spain) who will carry out all the formalities and procedures.

The advantages of hiring a service of legal and tax representative in Spain are the following:

You do not wish to set up a branch or subsidiary company in Spain

Maybe you want to start operating in Spain ASAP without setting up a branch or subsidiary company. You can do it by applying for a non-resident CIF with the aid of a legal and tax representative.

The application must be done through models 039 (Tax register declaration for registration in the taxpayers’ tax register, change of address and/or change of personal details) and 036 (Tax register declaration for registration, change and de-registration from the entrepreneurs’, professionals’ and withholders’ register).

The documentation must be translated by a sworn translator and filled in with the Apostille of Le Hague or other legalization.

The following data must also be provided:

You do not have a bank account in Spain and do not wish to open one

To operate and do business in Spain you need to have a bank account, as you need to make payments and receiving revenues. If you do not want to open one we put at your disposal our cash handling services, the perfect solution for foreign investors like you that want to open a company in Spain without fear of malpractice… and not too many headaches.

With this service you will be able to charge your customers and make payments to providers, to the Spanish Tax Agency, to the Social Security and/or to your employees. This formula is commonly used before setting up a business in Spain, in order to start operating as soon as possible.
The operational ABC is as follows:

You are not familiar with tax commitments in Spain

A lack of knowledge of the tax commitments of foreign companies is not an obstacle for setting up a business in Spain as a foreign entrepreneur. You will be supported by an expert local consultant from Leialta that will advise you in English and whenever you need, about:

You do not want to have different providers

Coordinating different providers from abroad can be tricky. With Leialta you will enjoy a comprehensive service, so there will be a single interlocutor for everything you need when setting up a business in Spain.

The advantages provided are:

Contact us if you are thinking of setting up a business in Spain as a foreign entrepreneur and we will provide you with the best solutions.